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Company Profile

■ The insurance business on China’s mainland may grow slowly as life insurers face investment risk and keen competition while seeing lower operating margins in the non-life sector, Fitch Ratings said.

■ Nearly 50 per cent of China’s clean tech companies expect the market to continue growing rapidly next year while 9 per cent, mainly in the renewable energy sector, predict development bottlenecks, according to a Deloitte report.

China Daily

■ China aims to boost exports of technological products to narrow the $10 billion deficit in the industry, as the country improves its manufacturing sector and restructures its economic growth, a trade official said on Thursday.

■ In its next five-year plan starting in 2016, China hopes to extend its pilot carbon emission trading system across the nation, a member of the Chinese delegation to the United Nations climate talks said on Thursday.

■ Iron ore imports will grow 7.5 per cent in 2013 up from 6.4 per cent in 2012, driven by China’s higher steel demand for housing, infrastructure and machinery as well as the increasing cost of the lower quality domestic ore, the Baltic and International Maritime Council predicts.

■ China and Russia on Thursday signed a number of agreements, with a focus on energy and trade. The countries should further expand bilateral trade and realise the goal of $US100 billion by 2015, Premier Wen Jiabao said.

People’s Daily

■ China must maintain economic growth and persevere with market-oriented reforms in the face of multiple risks in the economy, newly elected Communist Party leader Xi Jinping said at a symposium with non-party figures in Beijing.